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Today Technical Analysis: Dow Jones Futures Plunge Over 1,000 Points at Weekly Open as Risk Aversion Spikes

March 9, 2026, 07:47

Dow Jones Futures Plunge Over 1,000 Points at Weekly Open as Risk Aversion Spikes

Gold Technical Analysis

Gold is mostly moving sideways. Despite geopolitical instability, the strengthening USD is making Gold expensive for foreign buyers, capping its upside.

The precious metal is currently hovering just above the $5,000 psychological floor. Failure to hold the $5,020–$5,030 support zone could trigger a deeper correction toward $4,894.

MACD is currently near neutral around the zero line, suggesting a period of indecision before the next major move.

While the long term on gold remains bullish, in the short term, prices are likely to continue fluctuating due to the USD strength. A break above the next major resistance level of $5,200 would indicate further upward movement towards $5,300 level. On the downside, breaking below $5,000 with a daily closure is a warning sign of further declines.

Gold 1H Chart

Gold 1H Chart  09-03-2026
Resistance$5,148$5,175$5,200
Support$5,081$5,050$5,014

Dow Jones Technical Analysis

Dow Jones has broken below major support levels that had held since early 2026. The index closed last week below the 48,000 mark and is currently testing lower support zones. The trend is strongly bearish on the hourly chart.

The three main moving averages MA(5), MA(10), and MA(30) are in bearish alignment. The 30-period moving average is likely to continue acting as a resistance level.

MACD shows oversold conditions. While this might invite a temporary relief bounce, the overall structure is heavily weighed down by stagflation fears.

If the current slide continues, the next major support zone sits at 45,000. Immediate resistance for any recovery is located at 47,200.

Dow Jones 1H Chart

Dow Jones 1H Chart 09-03-2026
Resistance46,78047,00047,570
Support46,30045,98245,349

US Dollar Index Technical Analysis

The US Dollar is currently trading at a 14-week high, reaching levels not seen since November 2025. It’s showing a strong recovery after a period of consolidation. Price is trading above its primary Moving Averages (MA), signaling a bullish trend. Holding above the 30-period moving average is a positive sign and could push the index towards 100.000 psychological level.

MACD line has crossed above the signal line and is moving higher into positive territory.

The 1 hour chart indicates bullish momentum. Closing above the recent swing high of 99.68 will likely help to push the index above 100.00 However, a break below the uptrend could push prices down below 99.00 level.

DXY 1H Chart

DXY 1H Chart 09-03-2026
Resistance99.5399.69100.00
Support99.1698.7898.46

Risk Disclaimer: This material is provided for informational purposes only and does not constitute a recommendation or investment advice. Trading financial instruments on margin involves substantial risk and may not be appropriate for all investors.

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